Delivered record Q1 Contribution ex-TAC, programmatic revenue and CTV revenue, with continued momentum into Q2; raising full year 2026 Contribution ex-TAC and programmatic revenue guidance
Accelerated adoption of Nexxen TV Home Screen across leading DSPs, agencies and CTV OEMs, including The Trade Desk, StackAdapt, Basis, H/L, TCL FFALCON, TiVo Ads and others
Hosting Investor Day June 16, 2026
NEW YORK, May 13, 2026 (GLOBE NEWSWIRE) -- Nexxen International Ltd. (NASDAQ: NEXN) ("Nexxen" or the "Company"), the advertising technology platform powered by unique data and media, announced today its financial results for the three months ended March 31, 2026.
Q1 2026 Financial Highlights
-- Record Q1 Contribution ex-TAC of $84.5 million, up 13% year-over-year.
-- Record Q1 programmatic revenue of $81.9 million, up 14% year-over-year.
-- Record Q1 CTV revenue of $29.4 million, up 12% year-over-year.
-- CTV revenue represented 36% of programmatic revenue, compared to 37% in
Q1 2025.
-- Programmatic revenue increased to 94% of total revenue, compared to 92%
in Q1 2025.
-- Adjusted EBITDA of $16.3 million, representing a 19% Adjusted EBITDA
margin on both a Contribution ex-TAC and total revenue basis, compared to
$23.1 million and a 31% margin on a Contribution ex-TAC basis (30% on a
total revenue basis) in Q1 2025.
-- Video revenue represented 65% of programmatic revenue, compared to 75% in
Q1 2025.
-- $94.6 million in cash and cash equivalents, no long-term debt and $50
million available under the Company's undrawn revolving credit facility
as of March 31, 2026. The decrease in cash and cash equivalents from Q4
2025 primarily reflects changes in working capital, including collections
expected to normalize in Q2 2026, alongside strategic investments.
"We delivered a strong start to 2026, with record Q1 results ahead of consensus estimates and continued strength to this point in Q2, enabling us to raise our full-year Contribution ex-TAC and programmatic revenue guidance," said Ofer Druker, Chief Executive Officer of Nexxen. "The strategy we adopted is generating results, with revenue mix improving and growth accelerating across our core programmatic business lines. nexAI-powered DSP enhancements and ongoing innovation are driving improved outcomes and efficiency for performance-focused agencies like Tinuiti, while supporting growing enterprise client adoption and increased end-to-end platform utilization. To date in 2026, we have already onboarded more new enterprise customers than in all of 2025 and our pipeline remains strong. We are seeing momentum in AI-resilient media channels including CTV and mobile in-app, where SDK partnerships with leading platforms like Unity are supporting durable growth. Nexxen TV Home Screen is further reinforcing our CTV differentiation, with adoption scaling across industry leaders including The Trade Desk, StackAdapt, Basis, H/L, TCL FFALCON ("TCL") and TiVo Ads, supporting a transformational growth opportunity. As our platform, data and AI capabilities scale, we believe we are strengthening our competitive advantages and driving greater value for customers and partners."
Financial Guidance
-- Nexxen raises its full year 2026 Contribution ex-TAC and programmatic
revenue guidance, while reaffirming its Adjusted EBITDA guidance:
-- Contribution ex-TAC in the range of $382 - $397 million
(previously $375 - $390 million), representing approximately 10%
year-over-year growth at the midpoint
-- Programmatic revenue in the range of $374 - $388 million
(previously $367 - $381 million), representing approximately 12%
year-over-year growth at the midpoint
-- Adjusted EBITDA in the range of $122 - $132 million (unchanged),
representing approximately 10% year-over-year growth and an
Adjusted EBITDA margin of 33% on a Contribution ex-TAC basis at
the midpoint
-- Contribution ex-TAC and programmatic revenue quarter-to-date in Q2 2026
have exceeded initial expectations, driven by broad-based strength across
Nexxen's programmatic business lines, particularly within CTV, mobile and
data products.
-- 2026 growth is expected to be driven by AI-resilient media channels
including CTV and mobile in-app, supported by scaling enterprise adoption,
increasing end-to-end platform utilization, accelerating mobile in-app
revenue, the Company's exclusive CTV media and data partnership with V
(formerly VIDAA) and growing traction with Nexxen TV Home Screen.
-- To support the Company's growth drivers, Nexxen expects to continue
investing in AI, data, infrastructure, CTV and mobile in-app,
increasingly extending performance-based advertising capabilities across
its CTV and mobile in-app solutions, to enhance revenue growth and expand
operating leverage.
-- Nexxen continues to evaluate strategic options for its non-programmatic
business lines.
Q1 2026 Operational Highlights and Recent Developments
-- Increased adoption of Nexxen TV Home Screen, the industry's first
programmatic solution for Smart TV home screen advertising, by leading
platforms and agencies including The Trade Desk, V, StackAdapt, Basis,
H/L and others. This momentum reinforces Nexxen's position at the
forefront of a high-impact, non-skippable CTV surface that is
increasingly attracting premium demand and incremental ad budgets,
enhancing end-to-end revenue opportunities.
-- Expanded Nexxen TV Home Screen's reach and exclusivity beyond V-powered
CTV OEMs, securing programmatic access to TCL's native home screen
inventory globally, including exclusivity on select native placements in
the U.S. and Canada on TCL Android TV devices. Nexxen also gained
programmatic access to TiVo Ads' native home screen inventory in North
America and the U.K., significantly expanding monetization potential and
delivering high-attention, incremental advertising opportunities across a
larger CTV base.
-- Strengthened mobile in-app position through direct software development
kit ("SDK") integrations with Unity and others. These partnerships
position Nexxen to accelerate monetization, improve signal quality and
drive revenue growth across its DSP and SSP, enhancing its long-term
potential in an AI-resilient channel with secular tailwinds.
-- Launched AI-native DSP user interface ("UI"), improving full-funnel
performance and efficiency. The redesigned UI is generating strong
feedback, significantly reducing onboarding and training time, lowering
barriers to entry and accelerating enterprise spend. Buyers leveraging
the enhanced UI reported year-over-year efficiency gains of over 60% in
Q1 2026 alongside a more than 80% reduction in steps required to drive
impactful performance.
-- Enhanced the nexAI DSP assistant, leveraging Nexxen's proprietary data
and end-to-end platform to augment decision making while maintaining
transparency and full control for buyers. In Q1 2026, the enhancements
drove over 93% year-over-year improvement in troubleshooting efficiency,
over 96% gains in quality assurance efficiency and over 97% reduction in
time spent on reporting activities.
-- Launched Nexxen TV, a unified planning and activation solution across
linear TV and CTV, enabling advertisers to seamlessly discover audiences,
activate campaigns and measure outcomes across the TV landscape, driving
cross-channel efficiency and more effective budget allocation.
-- Entered automatic content recognition ("ACR") data licensing partnership
with Adform, enabling Adform's clients to access Nexxen's exclusive ACR
data in Germany and the U.K., which is expected to be followed by France
later in 2026, extending the reach of Nexxen's differentiated data assets
and creating incremental high-margin revenue opportunities.
Share Repurchase Program and Capital Allocation Updates
-- Nexxen repurchased 1,133,298 shares during Q1 2026 at an average price of
$6.29, investing approximately $7.2 million.
-- From March 1, 2022, when Nexxen launched a series of share repurchase
programs, through March 31, 2026, the Company repurchased 30,928,265
shares, or approximately 39.9% of shares outstanding, investing
approximately $265.3 million.
-- The Company completed its $20 million share repurchase program during Q1
2026 and has authorization to initiate a new program of up to $40
million.
-- Nexxen is expected to invest an additional $15 million in V during Q3
2026, bringing the Company's total investment to $60 million (6% equity
ownership stake).
-- The Company is continuing to evaluate targeted, smaller-scale strategic
opportunities to accelerate programmatic revenue growth and expand its
mobile in-app, CTV and data capabilities.
Financial Highlights for the Three Months Ended March 31, 2026 ($ in millions, except per share amounts)
Three months ended March 31
2026 2025 %
----------- ------ ----------
IFRS Highlights
Revenue 86.8 78.3 11%
Programmatic revenue 81.9 71.8 14%
Operating profit (loss) (4.9) 3.4 (241%)
Net income (loss) margin on a gross
profit basis (9%) 3%
Total comprehensive income (loss) (5.5) 2.4 (328%)
Diluted earnings (loss) per share (0.09) 0.02 (482%)
Non-IFRS Highlights
Contribution ex-TAC 84.5 75.0 13%
Adjusted EBITDA 16.3 23.1 (30%)
Adjusted EBITDA Margin on a Contribution
ex- TAC basis 19% 31%
Non-IFRS net income 3.5 10.6 (67%)
Non-IFRS diluted earnings per share 0.06 0.16 (63%)
First Quarter 2026 Financial Results Webcast and Conference Call Details
-- When: May 13, 2026, at 9:00 AM ET
-- Webcast: A live and archived webcast can be accessed from the Events and
Presentations section of Nexxen's Investor Relations website at
https://investors.nexxen.com/
-- Participant Dial-In Numbers:
-- U.S. / Canada Toll-Free Dial-In Number: (888) 596-4144
-- U.K. Toll-Free Dial-In Number: +44 800 260 6470
-- International Dial-In Number: +1 (646) 968-2525
-- Conference ID: 3103910
About Nexxen
Nexxen is the advertising technology platform that delivers full-funnel performance powered by unique data and media. Comprised of a demand-side platform ("DSP") and supply-side platform ("SSP"), with the Nexxen Data Platform at its core, we meet the demands of today's converging media landscape with exclusive audience intelligence, automation and expertise.
Headquartered in Israel, Nexxen maintains offices throughout North America, Europe and Asia-Pacific and is traded on Nasdaq (NEXN). For more information, please visit nexxen.com.
For further information please contact:
Billy Eckert, Vice President of Investor Relations
ir@nexxen.com
Caroline Smith, Vice President of Communications
csmith@nexxen.com
Forward Looking Statements
This press release contains forward-looking statements, including forward-looking statements within the meaning of Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are identified by words such as "anticipates, " "believes," "expects," "intends," "may," "can," "will," "estimates," and other similar expressions. However, these words are not the only way Nexxen identifies forward-looking statements. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including without limitation statements regarding anticipated financial results for Q2 and full year 2026 and beyond; anticipated benefits of Nexxen's strategic transactions and commercial partnerships; anticipated features and benefits of Nexxen's products and service offerings, including anticipated benefits relating to nexAI; anticipated industry adoption of Nexxen's programmatic Smart TV home screen ad activation solution (Nexxen TV Home Screen); Nexxen's positioning for accelerated growth and continued future growth; Nexxen's medium- to long-term prospects; management's belief that Nexxen is well-positioned to benefit from future industry growth trends and Company-specific catalysts; the Company's plans with respect to its cash reserves as well as its future share repurchase programs and further investment in V (formerly VIDAA); the Company's plans to pursue strategic opportunities for its non-programmatic business lines and other targeted, smaller-scale strategic opportunities to accelerate programmatic revenue growth and expand capabilities; anticipated benefits from the renewed and expanded strategic partnership with V, as well as any other statements related to Nexxen's future financial results and operating performance. These statements are neither promises nor guarantees but involve known and unknown risks, uncertainties and other important factors that may cause Nexxen's actual results, performance or achievements to be materially different from its expectations expressed or implied by the forward-looking statements, including, but not limited to, the following: negative global economic conditions, including risks related to tariff impacts or policy shifts (including trade negotiations or enforcement actions) that could materially affect market sentiment, consumer behavior and advertising demand; global conflicts and war, including the war between the United States, Israel and Iran, and the war and hostilities between Israel and Hamas, Hezbollah and the Houthis in Yemen, and how those conditions may adversely impact Nexxen's business, customers and the markets in which Nexxen competes; changes in industry trends; and other negative developments in Nexxen's business or unfavorable legislative or regulatory developments. Nexxen cautions you not to place undue reliance on these forward-looking statements. For a more detailed discussion of these factors, and other factors that could cause actual results to vary materially, interested parties should review the risk factors listed in the Company's most recent Annual Report filed with the U.S. Securities and Exchange Commission (www.sec.gov) on Form 20-F. Any forward-looking statements made by Nexxen in this press release speak only as of the date of this press release, and Nexxen does not intend to update these forward-looking statements after the date of this press release, except as required by law.
Nexxen, and the Nexxen logo are trademarks of Nexxen International Ltd. in the United States and other countries. All other trademarks are the property of their respective owners. The use of the word "partner" or "partnership" in this press release does not mean a legal partner or legal partnership.
Use of Non-IFRS Financial Information
In addition to our IFRS results, we review certain non-IFRS financial measures to help us evaluate our business, measure our performance, identify trends affecting our business, establish budgets, measure the effectiveness of investments in technology and development and sales and marketing, and assess our operational efficiencies. These non-IFRS measures include Contribution ex-TAC, Adjusted EBITDA, Adjusted EBITDA Margin, Non-IFRS Net Income and Non-IFRS Earnings per Share, each of which is discussed below.
These non-IFRS financial measures are not intended to be considered in isolation from, as substitutes for, or as superior to the corresponding financial measures prepared in accordance with IFRS. You are encouraged to evaluate these adjustments and review the reconciliation of these non-IFRS financial measures to their most comparable IFRS measures and the reasons we consider them appropriate. It is important to note that the particular items we exclude from, or include in, our non-IFRS financial measures may differ from the items excluded from, or included in, similar non-IFRS financial measures used by other companies. See "Reconciliation of Revenue to Contribution ex-TAC," "Reconciliation of Total Comprehensive Income (Loss) to Adjusted EBITDA," and "Reconciliation of Net Income (Loss) to Non-IFRS Net Income," included as part of this press release.
-- Contribution ex-TAC: Contribution ex-TAC for Nexxen is defined as gross
profit plus depreciation and amortization attributable to cost of revenue
and cost of revenue (exclusive of depreciation and amortization) minus
Performance (non-programmatic) media costs ("traffic acquisition costs"
or "TAC"). Performance (non-programmatic) media costs represent the costs
of purchases of impressions from publishers on a cost-per-thousand
impression basis in our non-core, non-programmatic Performance
activities. Contribution ex-TAC is a supplemental measure of our
financial performance that is not required by or presented in accordance
with IFRS. Contribution ex-TAC should not be considered as an alternative
to gross profit as a measure of financial performance. Contribution
ex-TAC is a non-IFRS financial measure and should not be viewed in
isolation. We believe Contribution ex-TAC is a useful measure in
assessing the performance of Nexxen because it facilitates a consistent
comparison against our core business without considering the impact of
traffic acquisition costs related to revenue reported on a gross basis.
-- Adjusted EBITDA: We define Adjusted EBITDA for Nexxen as total
comprehensive income (loss) for the period adjusted for foreign currency
translation differences for foreign operations, tax expenses, financial
expense (income), net, depreciation and amortization, stock-based
compensation expenses and delisting related one-time costs. Adjusted
EBITDA is included in the press release because it is a key metric used
by management and our Board of Directors to assess our financial
performance. Adjusted EBITDA is frequently used by analysts, investors
and other interested parties to evaluate companies in our industry.
Management believes that Adjusted EBITDA is an appropriate measure of
operating performance because it eliminates the impact of expenses that
do not relate directly to the performance of the underlying business.
-- Adjusted EBITDA Margin: We define Adjusted EBITDA Margin as Adjusted
EBITDA as a percentage of Contribution ex-TAC.
-- Non-IFRS Net Income and Non-IFRS Earnings per Share: We define non-IFRS
earnings per share as non-IFRS net income divided by non-IFRS
weighted-average shares outstanding. Non-IFRS net income is equal to net
income (loss) excluding amortization of acquired intangibles, delisting
related one-time costs and stock-based compensation expenses, and also
considers the tax effects of non-IFRS adjustments. In periods in which we
have non-IFRS net income, non-IFRS weighted-average shares outstanding
used to calculate non-IFRS earnings per share include the impact of
potentially dilutive shares. Potentially dilutive shares consist of stock
options, restricted stock awards, restricted stock units and performance
stock units, each computed using the treasury stock method. We believe
non-IFRS earnings per share is useful to investors for evaluating our
ongoing operational performance and trends on a per share basis and also
facilitates comparison of our financial results on a per share basis with
other companies, many of which present a similar non-IFRS measure.
However, a potential limitation of our use of non-IFRS earnings per share
is that other companies may define non-IFRS earnings per share
differently, which may make comparison difficult. This measure may also
exclude expenses that may have a material impact on our reported
financial results. Non-IFRS earnings per share is a performance measure
and should not be used as a measure of liquidity. Because of these
limitations, we also consider the comparable IFRS measure of net income.
We do not provide a reconciliation of forward-looking non-IFRS financial metrics because reconciling information is not available without an unreasonable effort, such as attempting to make assumptions that cannot reasonably be made on a forward-looking basis to determine the corresponding IFRS metric.
Reconciliation of Total Comprehensive Income (Loss) to Adjusted EBITDA
Three months ended March 31
-------------------------------
2026 2025 %
---------- --------- --------
($ in thousands)
Total comprehensive income (loss) (5,457) 2,391 (328%)
Foreign currency translation
differences for foreign operation 142 (758)
Tax expenses 100 2,876
Financial expense (income), net 351 (1,060)
Depreciation and amortization 16,316 15,267
Stock-based compensation expenses 4,813 2,900
Delisting related one-time costs - 1,520
Adjusted EBITDA 16,265 23,136 (30%)
Reconciliation of Revenue to Contribution ex-TAC
Three months ended March 31
-------------------------------
2026 2025 %
------------ ----------- ----
($ in thousands)
Revenue 86,842 78,330 11%
Cost of revenue (exclusive of
depreciation and amortization) (16,433) (11,199)
Depreciation and amortization
attributable to cost of revenue (13,294) (12,294)
Gross profit (IFRS) 57,115 54,837 4%
Depreciation and amortization
attributable to cost of revenue 13,294 12,294
Cost of revenue (exclusive of
depreciation and amortization) 16,433 11,199
Performance media cost (2,304) (3,342)
Contribution ex-TAC (Non-IFRS) 84,538 74,988 13%
Reconciliation of Net Income (Loss) to Non-IFRS Net Income
Three months ended March 31
-------------------------------
2026 2025 %
---------- --------- --------
($ in thousands)
Net income (loss) (5,315) 1,633 (425%)
Amortization of acquired intangibles 5,877 5,870
Delisting related one-time costs - 1,520
Stock-based compensation expenses 4,813 2,900
Tax effect of Non-IFRS adjustments(1) (1,906) (1,284)
Non-IFRS net income 3,469 10,639 (67%)
Weighted average shares
outstanding--diluted (in millions)(2) 57.7 65.7
Non-IFRS diluted earnings per share (in
USD) 0.06 0.16 (63%)
(1) Non-IFRS net income includes the estimated tax
impact from the expense items reconciling between
net income (loss) and non-IFRS net income
(2) Non-IFRS earnings per share is computed using
the same weighted-average number of shares that are
used to compute IFRS earnings per share
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF FINANCIAL
POSITION
(Unaudited)
March 31 December 31
2026 2025
-------- -----------
USD thousands
---------------------
Assets
ASSETS:
Cash and cash equivalents 94,565 133,308
Trade receivables, net 216,195 196,101
Other receivables 6,201 6,116
Current tax assets 1,167 1,809
-------- -----------
TOTAL CURRENT ASSETS 318,128 337,334
-------- -----------
Fixed assets, net 28,109 18,033
Right-of-use assets 25,053 27,005
Intangible assets, net 313,021 318,376
Deferred tax assets 9,113 9,407
Investment in shares 45,000 45,000
Other long-term assets 927 918
-------- -----------
TOTAL NON-CURRENT ASSETS 421,223 418,739
-------- -----------
TOTAL ASSETS 739,351 756,073
======== ===========
Liabilities and shareholders' equity
LIABILITIES:
Current maturities of lease liabilities 12,916 13,287
Trade payables 205,797 207,020
Other payables 35,936 41,282
Current tax liabilities 608 441
TOTAL CURRENT LIABILITIES 255,257 262,030
-------- -----------
Employee benefits 215 213
Long-term lease liabilities 16,834 18,644
Deferred tax liabilities 295 515
TOTAL NON-CURRENT LIABILITIES 17,344 19,372
-------- -----------
TOTAL LIABILITIES 272,601 281,402
-------- -----------
SHAREHOLDERS' EQUITY:
Share capital 328 324
Share premium 276,042 278,510
Other comprehensive income 206 348
Retained earnings 190,174 195,489
-------- -----------
TOTAL SHAREHOLDERS' EQUITY 466,750 474,671
-------- -----------
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 739,351 756,073
======== ===========
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF OPERATION
AND OTHER COMPREHENSIVE INCOME (LOSS)
(Unaudited)
Three months ended March 31
-----------------------------
2026 2025
-------------- -------------
USD thousands
-----------------------------
Revenues 86,842 78,330
Cost of Revenues (Exclusive of depreciation
and amortization shown separately below) 16,433 11,199
Research and development expenses 15,051 12,764
Selling and marketing expenses 34,276 28,866
General and administrative expenses 9,630 6,785
Depreciation and amortization 16,316 15,267
-------------- -------------
Total operating costs 75,273 63,682
Operating Profit (loss) (4,864) 3,449
============== =============
Financing income (724) (1,770)
Financing expenses 1,075 710
-------------- -------------
Financing expenses (income), net 351 (1,060)
-------------- -------------
Profit (loss) before taxes on income (5,215) 4,509
Tax expenses 100 2,876
-------------- -------------
Profit (loss) for the period (5,315) 1,633
============== =============
Other comprehensive income (loss) items:
Foreign currency translation differences
for foreign operation (142) 758
-------------- -------------
Total other comprehensive income (loss) for
the period (142) 758
-------------- -------------
Total comprehensive income (loss) for the
period (5,457) 2,391
============== =============
Earnings (loss) per share
Basic earnings (loss) per share (in USD) (0.09) 0.03
Diluted earnings (loss) per share (in USD) (0.09) 0.02
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CHANGES
IN EQUITY
(Unaudited)
Accumulated
comprehensive
Share Share income Retained
capital premium (loss) earnings Total
-------- -------- ------------- --------- --------
USD thousands
------------------------------------------------------
Balance as of
January 1,
2026 324 278,510 348 195,489 474,671
Total
comprehensive
loss for the
period
Loss for the
period - - - (5,315) (5,315)
Other
comprehensive
loss: - - - - -
Foreign
currency
translation - - (142) - (142)
-------- -------- ------------- --------- --------
Total
comprehensive
loss for the
period - - (142) (5,315) (5,457)
-------- -------- ------------- --------- --------
Transactions
with owners,
recognized
directly in
equity
Own shares
acquired (7) (7,146) - - (7,153)
Share based
compensation - 4,689 - - 4,689
Exercise of
share
options 11 (11) - - -
-------- -------- ------------- --------- --------
Balance as of
March 31,
2026 328 276,042 206 190,174 466,750
======== ======== ============= ========= ========
Balance as of
January 1,
2025 377 362,507 (2,476) 170,446 530,854
Total
comprehensive
income for the
period
Profit for the
period - - - 1,633 1,633
Other
comprehensive
income:
Foreign
currency
translation - - 758 - 758
-------- -------- ------------- --------- --------
Total
comprehensive
income for
the period - - 758 1,633 2,391
-------- -------- ------------- --------- --------
Transactions
with owners,
recognized
directly in
equity
Own shares
acquired (20) (32,864) - - (32,884)
Share based
compensation - 2,203 - - 2,203
Exercise of
share
options 3 159 - - 162
-------- -------- ------------- --------- --------
Balance as of
March 31,
2025 360 332,005 (1,718) 172,079 502,726
======== ======== ============= ========= ========
CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH
FLOWS
(Unaudited)
Three months ended
March 31
--------------------
2026 2025
--------- ---------
USD thousands
--------------------
CASH FLOWS FROM OPERATING ACTIVITIES:
Profit (loss) for the period (5,315) 1,633
Adjustments for:
Depreciation and amortization 16,316 15,267
Net financing expense (income) 281 (1,113)
Loss (gain) on leases modification 5 (9)
Share-based compensation and restricted shares 4,813 2,900
Tax expenses 100 2,876
Change in trade and other receivables (21,275) 57,122
Change in trade and other payables (16,791) (58,640)
Change in employee benefits (1) (23)
Income taxes received 765 76
Income taxes paid (134) (1,552)
Interest received 647 1,266
Interest paid (460) (528)
--------- ---------
Net cash provided by (used in) operating
activities (21,049) 19,275
--------- ---------
CASH FLOWS FROM INVESTING ACTIVITIES
Change in pledged deposits, net 87 (58)
Payments on finance lease receivable 273 390
Acquisition of fixed assets (3,249) (2,274)
Acquisition and capitalization of intangible
assets (5,030) (3,905)
Repayment of debt investment 37 23
Net cash used in investing activities (7,882) (5,824)
--------- ---------
CASH FLOWS FROM FINANCING ACTIVITIES
Acquisition of own shares (7,301) (31,979)
Proceeds from exercise of share options - 162
Leases repayment (3,665) (4,113)
Net cash used in financing activities (10,966) (35,930)
--------- ---------
Net decrease in cash and cash equivalents (39,897) (22,479)
========= =========
CASH AND CASH EQUIVALENTS AS OF THE BEGINNING OF
PERIOD 133,308 187,068
EFFECT OF EXCHANGE RATE FLUCTUATIONS ON CASH AND
CASH EQUIVALENTS 1,154 123
--------- ---------
CASH AND CASH EQUIVALENTS AS OF THE END OF PERIOD 94,565 164,712
========= =========
(END) Dow Jones Newswires
May 13, 2026 07:30 ET (11:30 GMT)